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Dunkin' Brands G Looks to Continue to Trade Above its Annual-High Share Price Today

By Amy Schwartz

Shares of Dunkin' Brands G (NASDAQ:DNKN) traded at a new 52-week high today of $68.71. This new high was reached on below average trading volume as 103,000 shares traded hands, while the average 30-day volume is approximately 1 million shares.

In the past 52 weeks, Dunkin' Brands G share prices have been bracketed by a low of $41.29 and a high of $68.71 and are now at $68.49, 66% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has risen 0.4%.

Dunkin' Brands Group Inc. franchises quick service restaurants (""QSRs"") serving hot and cold coffee and baked goods, as well as ice cream. The Company operates primarily in the breakfast part of the day within the QSR segment of the restaurant industry. Dunkin' Brands Group operates worldwide.

Based on a current price of $68.49, Dunkin' Brands G is currently 7.7% above its average consensus analyst price target of $63.22. The stock should find initial support at its 50-day moving average (MA) of $63.40 and further support at its 200-day MA of $60.01.

SmarTrend recommended that subscribers consider buying shares of Dunkin' Brands G on February 15th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $63.08. Since that recommendation, shares of Dunkin' Brands G have risen 7.8%. We continue to monitor DNKN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows dunkin' brands g

Ticker(s): DNKN